FP&A Trends Digest: Issue #20
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Issue #20 - 29 August 2020
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Dear colleagues,
I hope your week has been going well.
I am happy to share with you the 20th issue of our bi-weekly FP&A Trends digest.
In his digest, you will learn about the three important FP&A principles while discovering how to evaluate corporate performance management (CPM) solutions, and how to apply Dale Carnegie’s techniques to finance.
In early September, we will be holding the Global FP&A Trends Webinar on FP&A Scenario Planning. Join us to learn more about this tool and its importance for modern FP&A. The webinar will feature presentations by senior finance professionals from Walmart, LEGO and Spoke Global.
We are constantly working on improving the FP&A Trends digest. If you have any comments or suggestions, please feel free to hit the “reply” button and drop me a message.
Enjoy the issue and stay safe!
Best regards,
Larysa Melnychuk
CEO and Founder
FP&A Trends Group &
International FP&A Board
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2020 has been about dealing with chaos. It also raised a serious question for FP&A professionals, whether it is possible to plan and forecast in such an uncertain environment. Can FP&A scenario planning really help businesses not only stay afloat but also thrive?
Join us in September to learn more about this tool, its benefits and its application. At our webinar, senior finance leaders from Walmart, LEGO and Spoke Global will share their journeys through the crisis.
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By Michael Coveney
The aim of this article is to provide FP&A practitioners with a framework that can help clarify the purpose of a corporate performance management (CPM) system. It also explains the ways in which CPM can be implemented and how to evaluate the different software solutions.
This framework can help organisations realise a number of high-level benefits. To find out what they are and learn the nine key areas for consideration, please follow the above link.
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By James Myers
The short answer is “yes, it can”. To win in today’s economy, a company must learn to take action faster than their competitors. To enable this, FP&A must focus on three principles. But what are these principles and why is the well-known US retailer, Target, a good illustration of two of them? Find out the answers and details in James’ article.
By Hyder Hasan
We all have learnt the hard truth one way or another – wrong decisions can cost you money and time. This is why businesses need the support that an efficient FP&A department can provide. But how can we improve the speed of the decision-making process along with its quality? Hyder shares a couple of tips in his article.
By Kedar Kale
It is unlikely that you have never heard of Dale Carnegie, but have you ever applied his insights to the finance industry? In this article, Kedar summarises the “fundamental techniques in handling people” and explores the methods for applying them to finance.
For more Insights from FP&A Trends, please click here.
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